News Focus
News Focus
icon url

Softechie

03/23/05 2:04 PM

#373247 RE: Ace Hanlon #373242

Anyone see how fast they drop stocks yesterday after AG meeting???
icon url

chainik

03/23/05 2:09 PM

#373254 RE: Ace Hanlon #373242

<but 10% on the Sox?>

We are up about 2% from today's low, 8% more to go (g)

I think Saville is right about US$; I would add Swenlin, Schaeffer, and Marc Faber to the list of people who are bullish as well.

Regarding his latest bearish call - it was right at the top; perfect. However, I don't think market timing is his strength and I don't pay too much attention to his short-term timing calls (I wish I did this time).


icon url

chainik

03/23/05 2:20 PM

#373270 RE: Ace Hanlon #373242

Laird, BTW, just a week or two ago Saville has mentioned a possibility of SOX reaching 470, which would be about 15% from today's low. What has changed since then except sentiment? Hussman is still slightly long. Sentiment-wise it is as gloomy as in August. Semis were beaten really bad. IMO bears (like myself) have to take into account a possibility of a tradable rally.